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  1. Comment - Insight & Opinion

    CNOOC-Nexen deal opens Canadian investment door

    Posted Dec 15th 2012, 12:00am by G. BIN ZHAO

    ... G. Bin Zhao G. Bin Zhao says both sides stand to gain from the energy partnership CNOOC-Nexen deal opens Canadian investment door After careful consideration, the Canadian government has ... of Mexico, the deal also requires US approval. That may be a difficult nut to crack, though, fortunately, the Gulf of Mexico assets are not a large proportion of Nexen's operations, so ...

  2. Business - China Business - TAKEOVERS

    CNOOC eyes US$10b in bonds and loans to fund Nexen deal

    Posted Sep 03rd 2012, 12:00am by George Chen

    ... at a company named Well Advantage made more than US$7 million in illegal profits because they had prior knowledge of the proposed CNOOC-Nexen deal. Well Advantage is wholly owned by Zhang Zhirong, one ... loans for Nexen deal Chinese oil giant CNOOC plans to raise up to US$10 billion in bank loans and by issuing bonds to finance its takeover offer for Canada's Nexen, the largest overseas ...

  3. Business - Commodities - ENERGY

    CNOOC on the lookout for more deals post-Nexen

    Posted Mar 23rd 2013, 12:00am by Eric Ng

    ... deals overseas … we will stick to a requirement [by Beijing] to keep internationalising our operations." As to whether we will pursue more deals overseas … we will stick to a requirement ... equalling a payout ratio of 26.7 per cent of last year's profit and a 3.1 per cent dividend yield for investors. CNOOC on the lookout for more deals post-Nexen ...

  4. Business - Commodities - COURTS

    Hong Kong asset managers pay US$11m to settle charges in Nexen case

    Posted Jan 29th 2014, 05:02am by Reuters

    ... previously secured in settlements as part of an investigation into suspicious trading linked to the July 2012 deal. China Shenghai Investment Management and eight of its clients, including ...

  5. Business - Companies

    Canada approves CNOOC's Nexen takeover

    Posted Dec 08th 2012, 06:51pm by Bloomberg and Associated Press

    ... The CNOOC-Nexen transaction is the biggest in Canada since Calgary-based Suncor Energy bought Petro-Canada in August 2009 for about US$18 billion. Through its C$2.1 billion acquisition of Opti Canada last ... billion) takeover of Progress Energy Resources. The deal by Beijing-based CNOOC is the largest ever takeover by a Chinese company, according to data compiled by Bloomberg. It gives the state-owned ...

  6. Business

    China’s CNOOC agrees to alter Nexen’s US oil lease, says reports

    Posted Mar 02nd 2013, 11:54am by Reuters in Hong Kong

    ... on Foreign Investment in the United States (CFIUS) following its extended review. The deal needed US approval because Nexen owned more than 200 drilling leases in the Gulf of Mexico, a key oil supply ... freedom to run operations after the contentious deal had closed two days earlier. Originally announced in July, China’s largest-ever foreign takeover won approval from Canadian regulators ...

  7. Business - Companies - DEBT

    CNOOC seeks cheap loans from foreign banks

    Posted Oct 17th 2012, 12:00am by Bloomberg

    ... Bloomberg in Singapore The world's big banks vie to finance a Canada deal at rates lower than those offered in China CNOOC seeks cheap foreign loans CNOOC, working to complete the biggest overseas takeover by a Chinese company, is slicing borrowing costs by 80 per cent as it attracts international lenders seeking exposure to government-backed businesses. In July, ...

  8. Business - China Business

    Briefs, September 29, 2012

    Posted Sep 29th 2012, 12:00am by AGENCIES

    ... CNOOC may need to sweeten Nexen deal CNOOC may need to boost investments in Canada to secure government approval for its US$15.1 billion takeover of Nexen. Two key areas of negotiation ... into German steel-rolling as it seeks to meet growing demand from carmakers. The tailored blanks unit, which supplies body systems for cars, has two of its 13 plants in Germany. Terms of the deal were ...

  9. Business - Companies - REGULATION

    Zhang Zhirong pays US$14m to settle US insider case

    Posted Oct 20th 2012, 12:00am by Bloomberg

    ... amounted to double the illicit profits Well Advantage was alleged to have made when it stockpiled shares of Nexen based on confidential knowledge of the pending deal, the Securities and Exchange ...

  10. Business - Companies - TAKEOVERS

    CNOOC resubmits bid for Nexen to US regulators

    Posted Nov 29th 2012, 12:00am by BLOOM

    ... regulators for approval. CNOOC and Nexen withdrew and resubmitted a notice on the deal for review by the Committee on Foreign Investment, Nexen said on its website, without providing a reason. ... to the country in order to win approval. Canada extended its review of the deal, for a second time, on November 2 to December 10. Andrew MacDougall, a spokesman for the prime minister, did not comment ...




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